The higher mandatory wages go the less people will have a job.
The quality of a peron’s work has to match the salary. If a person’s work is worth $10 and a company must pay $16, it will not be worth hiring the person so they won’t have a job.
Also run the risk of as mandatory salaries goes up, current employees will be laid off to pay the ones that small companies can still afford to keep on staff.
A company shouldn’t exist if the value of the world they depend on to exist is valued at less than a person can live on.
It’s predatory. I guarantee you if doordash goes out of business because of this a different app will pop up, probably with different ideas or a new way of thinking that they can be profitable from while paying the higher wages.
Pay to start a company, then pay to hire a few people, and see what you think of how expensive it is to hire someone and if it’s worth the cost out of your own cash.
You sound like some of the business people I know who seem to think that society owes them a business or that workers are their just deserts for having graced the community with their business idea.
I’ve been told for 50 years that I’m not owed a job, so I don’t know why employers think they’re owed the fruits of my labour.
Well it’s worth the cost if it makes you a profit and frees up your time to grow the business further. I own a small business. Currently no employees but myself. But I also work a full time job. If my business I get to 10k profit a year for doing little to nothing while an employee does the rest I’m all in. I’ll start to grow it till that next employee.
Do you have some sources you can cite to back up these claims? I’d love to read an accredited source for how an employee being paid more would damage an employer beyond the means of maintaining their business and why it’s ethical to maintain a business that only survives off exploiting cheap labor?
If a minimum wage better matched with the cost of living, people wouldn’t need to have multiple jobs, thus the reduction of openings wouldn’t put too many people out of work.
The higher mandatory wages go the less people will have a job.
The quality of a peron’s work has to match the salary. If a person’s work is worth $10 and a company must pay $16, it will not be worth hiring the person so they won’t have a job.
Also run the risk of as mandatory salaries goes up, current employees will be laid off to pay the ones that small companies can still afford to keep on staff.
A company shouldn’t exist if the value of the world they depend on to exist is valued at less than a person can live on.
It’s predatory. I guarantee you if doordash goes out of business because of this a different app will pop up, probably with different ideas or a new way of thinking that they can be profitable from while paying the higher wages.
Nah this is bullshit and has been disproven every time wages are increased (or not increased).
Pay to start a company, then pay to hire a few people, and see what you think of how expensive it is to hire someone and if it’s worth the cost out of your own cash.
You sound like some of the business people I know who seem to think that society owes them a business or that workers are their just deserts for having graced the community with their business idea.
I’ve been told for 50 years that I’m not owed a job, so I don’t know why employers think they’re owed the fruits of my labour.
Well it’s worth the cost if it makes you a profit and frees up your time to grow the business further. I own a small business. Currently no employees but myself. But I also work a full time job. If my business I get to 10k profit a year for doing little to nothing while an employee does the rest I’m all in. I’ll start to grow it till that next employee.
Interesting.
Do you have some sources you can cite to back up these claims? I’d love to read an accredited source for how an employee being paid more would damage an employer beyond the means of maintaining their business and why it’s ethical to maintain a business that only survives off exploiting cheap labor?
If a minimum wage better matched with the cost of living, people wouldn’t need to have multiple jobs, thus the reduction of openings wouldn’t put too many people out of work.
As wages go higher for everybody, inflation costs goes up and pay higher costs for living.
FTFY
Ah the unending cycle of capitalism. Neverending growth can never fail.
Yup I’m over 6 figures and I feel poor